Well, the devil is in the details… We noted earlier this week that the Senate votes to limit debate on the jobs bill, leaving only consensus on the amendments to potentially hold up the bill. Both sides couldn’t agree on amendments, and the Senate failed to get the 60 votes necessary to close debate and move forward.

Chances of seeing passage prior to the August recess, as well as any action on tax extenders or the looming expiration of the lower tax rates, are very remote.